Palmdale, CA 93550 547 E Avenue Q12
$2,400,000
6 more
Presented By: Jesus Henao with LEOLA Commercial , Inc.; 818-570-3301
Beds • 28
Baths • 4
SQFT • 9,192
Year Built • 1981
Home Details
Queens Twelve is an 8-unit multifamily property with a 20-year HUD contract that began on July 1, 2023, covering tenant rent payments. The contract is administered by the Los Angeles LOMOD Corporation. The property is professionally managed by Genessy Management, based in Los Angeles.
Queens Twelve consists of four 3-bedroom, 2-bath units and four 4-bedroom, 2-bath units, all designed in a townhome style. The property features carport parking and an on-site laundry facility. The current offering reflects a 7.70 CAP rate based on actual financials.
Presented By: Jesus Henao with LEOLA Commercial , Inc.; 818-570-3301
Interior Features for 547 E Avenue Q12
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 547 E Avenue Q12
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.7
Carport Y/NYes
CityPalmdale
Community FeaturesStormDrains, StreetLights, Suburban
CoolingCentralAir
CountyLos Angeles
DirectionsThe Property is located on 5th Street E and East Avenue Q12
Electric On Property Y/NNo
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income250460.0
HOANo
HeatingForcedAir
Home Warranty Y/NNo
Insurance Expense14387.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet21981.0
Lot Size UnitsSquareFeet
MLS AreaPLM - Palmdale
MobileHomeRemainsYNNo
Net Operating Income184917.0
New ConstructionNo
Number Of Units Total8
Operating Expense66544.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerUnknown
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot49
Tenant PaysAllUtilities
Trash Expense7125.0
UtilitiesNaturalGasAvailable, WaterAvailable
Water Sewer Expense8014.0
Waterfront Y/NNo
Year Built1981
Year Built SourceAssessor
ZoningPDR3*
Exterior for 547 E Avenue Q12
Building Area Total9192.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.5046
Lot Size Area21981.0
Lot Size SourceAssessor
Number of Buildings4
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesCarport
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$2,400,000
MLS#SR25046235
List Date
03/03/2025
Property Type
Multi-Family
Phone
(562) 537-4182
